Silver price touches the target - Analysis - 13-05-2022
Economies.com
2022-05-13 04:29AM UTC
Silver price succeeded to touch our waited target at 20.75 and found solid support there, to fluctuate around it now, and the negative scenario still valid as long as the price is moving inside the bearish channel that appears on the chart, waiting to resume the negative trades to head towards our next target that reaches 20.20.
Therefore, we expect to witness more decline in the upcoming sessions, noting that failing to break 20.75 might push the price to achieve some intraday gains and test 21.90 areas before any new attempt to decline.
The expected trading range for today is between 20.30 support and 21.10 resistance.
The expected trend for today: Bearish
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